The USDCHF faces temporary negative pressure – Analysis - 13-11-2023

Economies.com
2023-11-13 04:23AM UTC

The USDCHF pair fluctuates around the minor support line 0.9020, noticing that the EMA50 forms good support that protects the price from achieving more decline, to keep the bullish trend scenario active for the upcoming period, which targets testing 0.9066 initially.

 

We remind you that breaching the mentioned level will push the price to achieve new gains that reach 0.9125 followed by 0.9225, while holding above 0.8968 represents key condition to the continuation of the expected rise.

 

Advertistment

The expected trading range for today is between 0.8970 support and 0.9100 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Will the US payrolls report pave the way for early Fed interest rate cuts in 2024?
2023-12-08 09:09AM UTC
Markets today await the crucial US payrolls report to gauge the strength of the US labor sector and ...
Forex News

Forex

Dollar resumes gains ahead of US jobs data
2023-12-08 08:53AM UTC
Dollar rose in European trade on Friday against a basket of major rivals, resuming gains and ...
Forex News

Forex

Dollar gives up three-week high ahead of unemployment claims data
2023-12-07 11:30AM UTC
Dollar declined in European trade on Thursday against a basket of major rivals away from three-week ...

Forex Technical Analysis

EUR USD Analysis

Forex

Evening update analysis for the EURUSD 08-12-2023
2023-12-08 15:04PM UTC
The EURUSD pair attempts to break 1.0760 level again, to hint heading to activate the negative ...
NZD USD Analysis

Forex

Midday update for the NZDUSD 08-12-2023
2023-12-08 10:36AM UTC
The NZDUSD pair keeps its stability above 0.6140 level, to continue suggesting the bullish trend ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 08-12-2023
2023-12-08 10:36AM UTC
The AUDUSD pair settles around 0.6610 since morning, waiting to get positive motive that assist to ...